FY20201 Oct 2019 – 30 Sep 2020
SBA loans in Alabama, FY2020
That fiscal year's approvals by lender and by county.
SBA approvals by fiscal year. The federal fiscal year runs 1 October to 30 September, so FY2025 is 1 October 2024 to 30 September 2025. *FY2026 is open: approvals to 30 Jun 2026 only.
In FY2020 (1 October 2019 to 30 September 2020) SBA approved 345 loans in Alabama: 280 under 7(a) and 65 under 504, worth $244M.
That is about level with FY2019, when there were 342 approvals worth $222M.
Alabama accounted for 0.7% of the 49,417 approvals nationwide that year. 69 lenders had at least one approval in the state; Southern Development Council had the most, 30.
Loan status is as recorded by SBA at the data date; charge-off rates are computed on loans approved at least five fiscal years ago. Jobs supported are self-reported estimates from the SBA loan application, which SBA does not review, audit or validate. Data through 30 Jun 2026.
Approvals by lender
The 40 lenders with the most approvals to Alabama businesses in FY2020, of 69 active.
| # | Lender | Program | Approvals | Dollars | Share of state | FY2019 | Change |
|---|---|---|---|---|---|---|---|
| 1 | Southern Development Council | 504 | 30 | $27.7M | 8.7% | 26 | +4 |
| 2 | Wells Fargo Bank National Association | 7(a) | 26 | $2.9M | 7.5% | 34 | -8 |
| 3 | The Huntington National Bank | 7(a) | 22 | $8.9M | 6.4% | 8 | +14 |
| 4 | United Community Bank | 7(a) | 18 | $10.8M | 5.2% | 7 | +11 |
| 5 | Birmingham Citywide Local Development Company | 504 | 16 | $15.8M | 4.6% | 11 | +5 |
| 6 | Pinnacle Bank | 7(a) | 16 | $13.1M | 4.6% | 6 | +10 |
| 7 | United Midwest Savings Bank National Association | 7(a) | 14 | $6.7M | 4.1% | 16 | -2 |
| 8 | Florida First Capital Finance Corporation, Inc. | 504 | 12 | $12.4M | 3.5% | 9 | +3 |
| 9 | PNC Bank, National Association | 7(a) | 12 | $2.7M | 3.5% | 23 | -11 |
| 10 | Live Oak Banking Company | 7(a) | 11 | $14.1M | 3.2% | 13 | -2 |
| 11 | SouthState Bank, National Association | 7(a) | 9 | $11.7M | 2.6% | 1 | +8 |
| 12 | ServisFirst Bank | 7(a) | 9 | $8.1M | 2.6% | 1 | +8 |
| 13 | BankFirst Financial Services | 7(a) | 9 | $1.1M | 2.6% | 3 | +6 |
| 14 | Regions Bank | 7(a) | 8 | $3.9M | 2.3% | 8 | 0 |
| 15 | First Financial Bank | 7(a) | 8 | $1.7M | 2.3% | 6 | +2 |
| 16 | Newtek Small Business Finance, Inc. | 7(a) | 7 | $4.6M | 2.0% | 10 | -3 |
| 17 | Florida Business Development Corporation | 504 | 6 | $3.7M | 1.7% | 6 | 0 |
| 18 | PromiseOne Bank | 7(a) | 6 | $3.2M | 1.7% | 4 | +2 |
| 19 | BayFirst National Bank | 7(a) | 6 | $2.7M | 1.7% | 12 | -6 |
| 20 | Stearns Bank National Association | 7(a) | 6 | $2.0M | 1.7% | 10 | -4 |
| 21 | Metro City Bank | 7(a) | 5 | $4.4M | 1.4% | 2 | +3 |
| 22 | Citizens Bank & Trust | 7(a) | 5 | $3.5M | 1.4% | 2 | +3 |
| 23 | Millennial Bank | 7(a) | 5 | $1.0M | 1.4% | 5 | 0 |
| 24 | Peoples Bank | 7(a) | 4 | $10.6M | 1.2% | 1 | +3 |
| 25 | Five Star Bank | 7(a) | 4 | $850K | 1.2% | 3 | +1 |
| 26 | Friend Bank | 7(a) | 4 | $684K | 1.2% | 5 | -1 |
| 27 | Renasant Bank | 7(a) | 3 | $6.2M | 0.9% | 3 | 0 |
| 28 | NobleBank & Trust | 7(a) | 3 | $3.9M | 0.9% | 0 | new |
| 29 | Touchmark National Bank | 7(a) | 3 | $3.5M | 0.9% | 2 | +1 |
| 30 | Readycap Lending, LLC | 7(a) | 3 | $3.0M | 0.9% | 4 | -1 |
| 31 | Pathward National Association | 7(a) | 3 | $2.9M | 0.9% | 0 | new |
| 32 | Truist Bank | 7(a) | 3 | $1.9M | 0.9% | 0 | new |
| 33 | Trustmark Bank | 7(a) | 3 | $501K | 0.9% | 1 | +2 |
| 34 | Hancock Whitney Bank | 7(a) | 2 | — | 0.6% | 1 | +1 |
| 35 | The MINT National Bank | 7(a) | 2 | — | 0.6% | 1 | +1 |
| 36 | GBank | 7(a) | 2 | — | 0.6% | 1 | +1 |
| 37 | HomeTrust Bank | 7(a) | 2 | — | 0.6% | 0 | new |
| 38 | Farmers State Bank of Alto Pass, Illinois | 7(a) | 2 | — | 0.6% | 0 | new |
| 39 | CommerceOne Bank | 7(a) | 2 | — | 0.6% | 0 | new |
| 40 | Community Bank of Mississippi | 7(a) | 2 | — | 0.6% | 4 | -2 |
Approvals by county
| # | County | Approvals | Dollars | Share of state | FY2019 | Change |
|---|---|---|---|---|---|---|
| 1 | Jefferson County | 81 | $65.6M | 23.5% | 73 | +8 |
| 2 | Madison County | 36 | $17.1M | 10.4% | 27 | +9 |
| 3 | Mobile County | 26 | $10.6M | 7.5% | 45 | -19 |
| 4 | Baldwin County | 26 | $12.9M | 7.5% | 24 | +2 |
| 5 | Shelby County | 25 | $17.5M | 7.2% | 24 | +1 |
| 6 | Tuscaloosa County | 21 | $14.2M | 6.1% | 15 | +6 |
| 7 | Lee County | 13 | $15.6M | 3.8% | 10 | +3 |
| 8 | Montgomery County | 10 | $12.4M | 2.9% | 16 | -6 |
| 9 | Morgan County | 9 | $6.4M | 2.6% | 8 | +1 |
| 10 | DeKalb County | 9 | $4.1M | 2.6% | 3 | +6 |
| 11 | St. Clair County | 8 | $4.3M | 2.3% | 9 | -1 |
| 12 | Cullman County | 7 | $7.3M | 2.0% | 4 | +3 |
| 13 | Houston County | 6 | $1.9M | 1.7% | 13 | -7 |
| 14 | Calhoun County | 6 | $6.1M | 1.7% | 5 | +1 |
| 15 | Walker County | 5 | $4.8M | 1.4% | 3 | +2 |
| 16 | Marshall County | 5 | $3.3M | 1.4% | 3 | +2 |
| 17 | Etowah County | 4 | $1.3M | 1.2% | 6 | -2 |
| 18 | Chambers County | 4 | $8.4M | 1.2% | 2 | +2 |
| 19 | Pike County | 3 | $9.3M | 0.9% | 0 | new |
| 20 | Tallapoosa County | 3 | $3.5M | 0.9% | 0 | new |
| 21 | Randolph County | 3 | $1.3M | 0.9% | 2 | +1 |
| 22 | Dallas County | 3 | $321K | 0.9% | 0 | new |
| 23 | Covington County | 3 | $294K | 0.9% | 0 | new |
| 24 | Barbour County | 3 | $466K | 0.9% | 3 | 0 |
| 25 | Blount County | 2 | — | 0.6% | 4 | -2 |
| 26 | Russell County | 2 | — | 0.6% | 2 | 0 |
| 27 | Colbert County | 2 | — | 0.6% | 1 | +1 |
| 28 | Talladega County | 2 | — | 0.6% | 0 | new |
| 29 | Coffee County | 2 | — | 0.6% | 0 | new |
| 30 | Crenshaw County | 2 | — | 0.6% | 0 | new |
| 31 | Clarke County | 2 | — | 0.6% | 1 | +1 |
| 32 | Marion County | 1 | — | 0.3% | 0 | new |
| 33 | Cherokee County | 1 | — | 0.3% | 1 | 0 |
| 34 | Limestone County | 1 | — | 0.3% | 5 | -4 |
| 35 | Geneva County | 1 | — | 0.3% | 3 | -2 |
| 36 | Autauga County | 1 | — | 0.3% | 3 | -2 |
| 37 | Lauderdale County | 1 | — | 0.3% | 3 | -2 |
| 38 | Elmore County | 1 | — | 0.3% | 2 | -1 |
| 39 | Clay County | 1 | — | 0.3% | 0 | new |
| 40 | Jackson County | 1 | — | 0.3% | 3 | -2 |
The 40 counties with the most approvals; every county is on the Alabama page.
FY2020 against FY2019
| Alabama | FY2020 | FY2019 |
|---|---|---|
| 7(a) approvals | 280 | 290 |
| 7(a) dollars | $183M | $194M |
| Median 7(a) approval | $314K | $254K |
| 504 approvals | 65 | 52 |
| 504 dollars | $60.7M | $28.6M |
| Jobs supported, as reported | 3,891 | 4,345 |
Questions and answers
Which lenders made the most SBA loans in Alabama in FY2020?
Southern Development Council (30), Wells Fargo Bank National Association (26), The Huntington National Bank (22), United Community Bank (18), Birmingham Citywide Local Development Company (16). 69 lenders had at least one approval.
How many SBA loans were approved in Alabama in FY2020?
345: 280 under 7(a) worth $183M and 65 under 504 worth $60.7M.
Which Alabama counties had the most SBA approvals in FY2020?
Jefferson County (81), Madison County (36), Mobile County (26), Baldwin County (26), Shelby County (25).
When does FY2020 start and end?
The federal fiscal year 2020 runs from 1 October 2019 to 30 September 2020.
About these figures
Figures are totals of the Small Business Administration's 7(a) and 504 FOIA loan files, data through 30 Jun 2026. SBA updates the files quarterly. Counts are loan approvals, including approvals later cancelled; the five-year window is FY2021–FY2025, the five latest complete fiscal years. Charge-off rates use only loans approved in FY2010–FY2021, at least five fiscal years ago, and count disbursed loans SBA records as charged off. Loans are listed under the lender they are assigned to today. Dollar figures behind fewer than three approvals are not shown, and no borrower is named anywhere on this site.Methodology · Report an error